The Azerbaijani prime minister has signed the order to approve the "Action plan on the implementation of the item 10.2 of the order of the President of Azerbaijan dated March 19, 2020" “On a number of measures to reduce the negative impact of coronavirus (COVID-19) and sharp fluctuations as a

Bank lending in Baku and Azerbaijani districts reached 15.2 billion manat ($8.9 billion) in early March 2020, which is 14.6 percent more compared to the same period of 2019, Trend reports referring to the Central Bank of Azerbaijan (CBA).

The monthly amount of mortgage loans issued by the state line increased by 1.6 percent or by 22.9 million manat ($13.4 million) in Azerbaijan, exceeding 1.4 billion manat ($823.5 million) as of March 1, 2020, Trend reports referring to the country’s Mortgage Credit Guarantee Fund on Mar. 3.

Some 27,975 mortgage loans were issued in Azerbaijan as of February 1, 2020, Trend reports referring to the Mortgage and Credit Guarantee Fund of Azerbaijan on Feb. 3.

The World Bank plans to provide an additional loan of up to $50 million to continue reforms in Azerbaijan’s judicial system.

The Azerbaijani state has spent 633.22 million manats ($372.59 million) to pay its citizens’ debts which increased in value due to the devaluation of the state currency, the manat in 2015.

The value of guaranteed loans issued by Azerbaijani banks in January-April 2019 exceeded 3 million manats, a source in the Mortgage and Credit Guarantee Fund of Azerbaijan told Trend.

The Entrepreneurship Development Fund of Azerbaijan held a regular business forum on concessional lending to entrepreneurship in Azerbaijan’s Shamakhi District, Trendreports referring to the Ministry of Economy of Azerbaijan.

The Azerbaijani government allocated 670,000 manats to pay compensations on problem loans to individuals in Pasha Bank, chief financial administrator, as well as member of the board of the bank Bahruz Naghiyev said.

Ministry of Finance of Azerbaijan has talked on the implementation of commitments to solve the issue of problem loans.